Loras Holding A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	576.88	558.38	143.51	755.46	862.89	485.9
Short-Term Investments	-	251.58	290.25	326.23	24.23	-
Cash & Short-Term Investments	576.88	809.96	433.76	1,082	887.12	485.9
Cash Growth	233.39%	86.73%	-59.90%	21.93%	82.57%	129.23%
Accounts Receivable	1,272	1,259	946.29	280.18	301.34	152.14
Other Receivables	78.3	82.99	43.78	34.19	21.41	9.29
Receivables	1,350	1,342	990.07	314.38	322.75	161.44
Inventory	7,411	6,859	5,551	4,821	3,326	856.57
Prepaid Expenses	959.83	58.78	23.71	11.95	12.43	3.18
Other Current Assets	593.65	984.68	1,355	726.63	367.25	76.87
Total Current Assets	10,892	10,055	8,354	6,956	4,916	1,584
Property, Plant & Equipment	5,381	4,820	4,779	1,877	1,804	535.42
Long-Term Investments	191.69	186.26	146.74	124.69	74.76	94.19
Other Intangible Assets	97.94	81.77	113.06	90.99	56.26	14.86
Long-Term Accounts Receivable	7.07	-	24.33	-	1.91	2.21
Long-Term Deferred Tax Assets	50.92	47.82	164.87	418.34	78.39	43.26
Other Long-Term Assets	20,041	18,220	17,723	13,650	6,068	1,732
Total Assets	36,661	33,411	31,306	23,116	12,999	4,006
Accounts Payable	1,178	1,255	1,072	949.8	417.46	168.78
Accrued Expenses	36.29	132.88	104.65	60.89	44.65	27.89
Short-Term Debt	1,096	646.21	238.9	323.48	181.56	124.4
Current Portion of Long-Term Debt	487.25	107.33	25.7	195.39	293.19	168.98
Current Portion of Leases	-	436.06	120.17	74.11	-	10.44
Current Income Taxes Payable	27.28	61.43	28.59	107.96	14.11	0.01
Current Unearned Revenue	1,881	1,494	1,579	898.14	345.09	116.27
Other Current Liabilities	244.89	133.95	159.12	83.25	97.33	101.79
Total Current Liabilities	4,950	4,266	3,328	2,693	1,393	718.56
Long-Term Debt	317.97	44.62	-	34.58	185.21	212.45
Long-Term Leases	-	339.28	464.37	207.52	5.26	16.71
Long-Term Unearned Revenue	415.61	340.01	373.08	153.78	45.73	27.28
Pension & Post-Retirement Benefits	95.02	77.36	67.88	47.52	65.42	10.65
Long-Term Deferred Tax Liabilities	4,723	4,065	2,914	2,327	1,596	337.12
Other Long-Term Liabilities	102.98	-	-	-	1.66	1.97
Total Liabilities	10,605	9,132	7,147	5,464	3,292	1,325
Common Stock	768	768	768	384	384	384
Additional Paid-In Capital	545.03	496.96	525.7	379.79	377.78	83.22
Retained Earnings	1,527	1,633	2,175	337.03	-1,005	22.74
Treasury Stock	-2.95	-2.68	-2.68	-2.05	-1.42	-0.35
Comprehensive Income & Other	4,352	3,882	3,971	3,034	2,067	362.64
Total Common Equity	7,188	6,777	7,438	4,133	1,823	852.24
Minority Interest	18,868	17,501	16,721	13,520	7,884	1,829
Shareholders' Equity	26,056	24,278	24,159	17,653	9,707	2,681
Total Liabilities & Equity	36,661	33,411	31,306	23,116	12,999	4,006
Total Debt	1,901	1,573	849.14	835.08	665.23	532.98
Net Cash (Debt)	-1,324	-763.54	-415.38	246.61	221.89	-47.08
Net Cash Growth	-	-	-	11.14%	-	-
Net Cash Per Share	-	-0.99	-0.54	0.64	0.58	-0.12
Filing Date Shares Outstanding	-	768	768	384	384	384
Total Common Shares Outstanding	-	768	768	384	384	384
Working Capital	5,941	5,788	5,026	4,263	3,523	865.4
Book Value Per Share	-	8.82	9.68	10.76	4.75	2.22
Tangible Book Value	7,090	6,696	7,325	4,042	1,767	837.38
Tangible Book Value Per Share	-	8.72	9.54	10.53	4.60	2.18
Land	-	1,540	1,485	438.14	821.58	347.1
Buildings	-	1,292	1,371	603.45	521.63	131.1
Machinery	-	1,843	2,751	1,729	1,078	126.47
Construction In Progress	-	656.12	790.34	235.76	48.93	0.01
Leasehold Improvements	-	48.74	48.74	30.74	10.09	2.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.